Question

john has a gross income of $60,000. he is single and is choosing to take a deduction for all single people amounting to $6,300. what does this $6,300 represent?

○ a standard deduction

○ an itemized deduction

○ an earned income credit

○ an adjusted gross income

question 4
3 pts
joseph has a new job where he will make $1000 each week. when he gets his first paycheck, however, he only receives $875. which tax has joseph most likely paid?

○ inheritance

○ real estate property

○ income

○ estate

Explanation:

First Question (John's Deduction)

A standard deduction is a fixed deduction amount for specific filing statuses (like single) in tax calculations. Itemized deductions are specific, item - by - item deductions (e.g., medical expenses, charitable donations). Earned income credit is a tax credit (not a deduction) for low - to - moderate - income earners. Adjusted gross income is gross income minus certain deductions (not a single fixed deduction amount). Since John is single and takes a fixed deduction for single people, this is a standard deduction.

Inheritance tax is paid on inherited assets, not on income. Real estate property tax is paid on property ownership, not on income. Income tax is deducted from an employee's paycheck based on their earnings. Since Joseph's weekly earnings are $1000 and his take - home is $875, the tax deducted is most likely income tax. Estate tax is paid on the transfer of an estate after death, not on income.

Answer:

a. a standard deduction

Second Question (Joseph's Tax)